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Government Capital Expenditure and Manufacturing Sector Output in Nigeria

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Government Capital Expenditure and Manufacturing Sector Output in Nigeria


Okpala, Osita Victor



Okpala, Osita Victor "Government Capital Expenditure and Manufacturing Sector Output in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-6 | Issue-3, April 2022, pp.1043-1062, URL: https://www.ijtsrd.com/papers/ijtsrd49683.pdf

The study explored the effect of government capital expenditure on manufacturing sector output in Nigeria using time series data from 1981 to 2018. The manufacturing sector output taken as the total volume of inflation-adjusted value of output produced by all the manufacturing industries was the dependent variable. The government capital expenditure was disaggregated into four functional expenses as capital expenditures on the road, health, communication, and power (electricity). The annual time series data employed were analysed for unit roots using the augmented Dickey-Fuller (ADF), and regression techniques based on the Autoregressive Distributive Lag (ARDL) to determine the relationships. The findings revealed that capital expenditure on road infrastructure has a short-run positive significant effect on manufacturing sector output, but an insignificant adverse impact on manufacturing sector output in Nigeria; capital expenditure on health has significant impacts on the manufacturing sector output in Nigeria driving at negative in the short run and then positive in the long run; capital expenditure on telecommunication has a significant positive impact on manufacturing sector output in Nigeria both in the long-run and short-run; whereas capital expenditure on the power supply has an insignificant negative effect in long and short periods. The study hence recommended increased expenditure on road, health, electricity and telecommunication to boost the manufacturing sector propensity for growth and productivity.

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IJTSRD49683
Volume-6 | Issue-3, April 2022
1043-1062
IJTSRD | www.ijtsrd.com | E-ISSN 2456-6470
Copyright © 2019 by author(s) and International Journal of Trend in Scientific Research and Development Journal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)

International Journal of Trend in Scientific Research and Development - IJTSRD having online ISSN 2456-6470. IJTSRD is a leading Open Access, Peer-Reviewed International Journal which provides rapid publication of your research articles and aims to promote the theory and practice along with knowledge sharing between researchers, developers, engineers, students, and practitioners working in and around the world in many areas like Sciences, Technology, Innovation, Engineering, Agriculture, Management and many more and it is recommended by all Universities, review articles and short communications in all subjects. IJTSRD running an International Journal who are proving quality publication of peer reviewed and refereed international journals from diverse fields that emphasizes new research, development and their applications. IJTSRD provides an online access to exchange your research work, technical notes & surveying results among professionals throughout the world in e-journals. IJTSRD is a fastest growing and dynamic professional organization. The aim of this organization is to provide access not only to world class research resources, but through its professionals aim to bring in a significant transformation in the real of open access journals and online publishing.

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